Please answer 5.03, 5.04, 6.01, 6.02, 6.03, & 6.04 with explanations. Thank you in advance

Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are: Lamp Kit: Direct Labor: Variable Overhead: Fixed Overhead: $16.0000000 per lamp 2.0000000 per lamp (4 lamps/hr.) 2.0000000 per lamp 10.0000000 per lamp (based on normal capacity of 25,000 lamps) Cost per lamp: $30.0000000 per lamp Expected increases for 20x2 When calculating projected increases round to TWO ($0.00) decimal places. 1. Material Costs are expected to increase by 2.00% 2. Labor Costs are expected to increase by 4.50%. 3. Variable Overhead is expected to increase by 5.00%. 4. Fixed Overhead is expected to increase to $285,000. 5. Fixed Administrative expenses are expected to increase to $54,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 2.50%. 7. Fixed selling expenses are expected to be $29,000 in 20x2. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 6.00%. On the following schedule develop the following figures: 1- 20x2 Projected Variable Manufacturing Unit Cost of a lamp. 2- 20x2 Projected Variable Unit Cost per lamp. 3- 20x2 Projected Fixed Costs. Variable Manufacturing Unit Cost 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 16 2.00% Lamp Kit Labor Variable Overhead $16.32 $2.09 2 4.50% 5.00% {4.01) {4.02) {4.03) 2 $2.10 Projected Variable Manufacturing Cost Per Unit $20.51 {4.04) Total Variable Cost Per Unit 20x1 Cost 20x2 Cost Rounded to 2 Decimal Places Projected Percent Increase 5.00% 6.00% 3 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 2 3.09 2.12 20.51 {4.05) {4.06) {4.04) Projected Total Variable Cost Per Unit 25.72 {4.07) Schedule of Fixed Costs 20x1 Cost 20x2 Cost Projected Percent Increase 10 $ 285,000.00 {4.08) lamps @_) Fixed Overhead (normal capacity of Fixed Selling Fixed Administrative $ 29,000.00 54,000.00 {4.09} {4.10) 6.00% $ Projected Total Fixed Costs $ 368,000.00 {4.11) 1. For 20x2 the selling price per lamp will be $45.00. What is the projected contribution margin and contribution margin ratio for each lamp sold? Selling Price $45.00 Variable Cost $20.51 Contribution Margin per unit (Round to two places, $##.##) $19.28 {5.01) Contribution Margin Ratio (Round to four places, % is two of those places ##.##%) 42.84% {5.02) 2. For 20x2 the selling price per lamp will be $45.00. The desired net income in 20x2 is $187,500. What would sales in units have to be in 20x2 to reach the profit goal? Selling Price Net Income Projected Fixed Cost 45 187,500 368,000.00 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {5.03) 3. For 20x2 the selling price per lamp will be $45.00. If the fixed cost increase by $30,000.00 how many lamps must be sold to breakeven? Selling Price Add: Fixed Cost Incre Projected Fixed Cost $45.00 $30,000 368,000 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {5.04) 4. For 20x2 the selling price per lamp will be $45.00. If the variable cost increase by $3.00 a unit how many lamps must be sold to breakeven? Selling Price $45.00 Total Cost per unit $25.72 Add Increase $ 3.00 $28.72 Contribution per unit Total Fixed Cost 368,000 $16.28 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {6.01) 5. For 20x2 the selling price per lamp will be $45.00. If the variable cost decreased by $3.00 a unit how many lamps must be sold to breakeven? Selling Price $45.00 Total Cost per unit $25.72 Decrease $ 3.00 $22.72 Contribution per unit Total Fixed Cost 368,000 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) $22.28 {6.02} 6. If for 20x2 the selling price per lamp is increased to $48.00 a unit how many lamps must be sold to breakeven? Selling Price $48.00 Total Cost per unit $25.72 $22.28 Total Fixed Cost 368,000 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {6.03} 7. If for 20x2 the selling price per lamp is decreased to $42.00 a unit how many lamps must be sold to breakeven? Selling Price $42.00 Total Cost per unit $25.72 $16.28 Total Fixed Cost 368,000 Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed) {6.04}